Bulgarian property market 'maturing'
Bulgaria is rapidly emerging as a lucrative area for property investors, according to leading economists.
The country is one of the newest to join the European Union, officially entering the trading bloc in January this year.
Since then underlying growth has accelerated, as improved trading links and a spike in tourism have helped propel Bulgaria to the forefront of European property.
Tipped for a 10% rise in tourism this year alone, both European and American investors looking for a second home or simply an investment opportunity have begun to take notice of the country.
And experts say the potential returns for investors are rising.
Irini Tzortzoglou, head of retail banking at Piraeus Bank in London, commented: "As the market matures, prices are rising to reflect the increased price of land and improved specification of the properties, therefore we are seeing higher selling prices and buyers becoming more knowledgeable as to the choices available to them."
"We have seen people who bought one property two years ago on the coast now wishing to buy another, perhaps in a city or at a mountain resort," she added.
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